Salmon prices plummet in Finland and Norway due to seasonal changes and salmon lice outbreak

The sharp decline in salmon prices has caught the attention of both consumers and experts. Just this past spring, salmon was exceptionally expensive globally, causing market disruptions particularly in Central Europe. However, the situation has shifted, with salmon prices reaching their lowest level in three years. Researcher Kaija Saarni from the Natural Resources Institute Finland attributes this change to several factors, including the autumn slaughter season and warm sea temperatures in northern Norway. “Salmon is generally most expensive in mid-winter and spring, with prices beginning to drop after midsummer,” she explains.

A significant reason for the price reduction is the presence of salmon lice in northern Norway, which complicates fish farming. “Salmon lice cause sores on the fish’s surface, making them less desirable for market presentation,” notes Saarni. As a result, there has been an increased amount of fish processed, leading to higher supply in markets, particularly in Finland. Saarni emphasizes that salmon remains safe for consumption, as the lice do not affect its food quality, primarily presenting an aesthetic issue.

In Mustasaari, Reijo Ruotsala, a fish vendor, reports that the wholesale price for Norwegian salmon is currently around 15 euros per kilogram, significantly lower than a few months ago but only 30 cents cheaper than last year. Over the past five years, salmon prices have seen considerable fluctuations, making it challenging for traders. “We often have to update our prices nearly daily,” Ruotsala adds.

In a surprising turn, domestic rainbow trout prices are now even higher than Norwegian salmon due to the latter’s fast price drop, increasing demand for local fish, especially for lunches. Ruotsala concludes that warm summer conditions have not negatively impacted the quality or availability of domestic fish, as catch is quickly iced to maintain standards.